$415K
$71,750
"This secluded and peaceful block of land offers approximately 30 acres of private bushland and an abundance of native flora and fauna for your personal enjoyment. Discover and enjoy the natural beauty of the authentic bushland, lichen boulders, melodic birdsong and meandering walking tracks. Tucked away at the end of Showlers Road this tranquil retreat includes creek frontage along Big Hill Creek. Water is available with a dam and waterhole plus a windmill and bore located at the front boundary. There is a concrete water tank and range of older sheddingstyle structures including one used previously as a workshop. There is a multitude of old equipment, bricabrac and refuse with undoubtedly some hidden treasures to be found to the trained eye. The property is being sold as is. This is your opportunity to secure your very own bushland retreat and embrace the peaceful, tranquil feeling of getting back to nature. Located within 10 minutes of Lancefield township, Lancefield is located in the Macedon Ranges and only an hour drive to the Melbourne CBD with ready access to both Hume and Calder Freeways. With a continuous calendar of local events and attractions, you will be charmed by Lancefield and its surrounds and its welcoming community. Inspection strictly by Private Appointment only. Contact Agent, Kim Forsyth 0409 491 229. Property Code 1198"
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Asking Price
$415,000
Estimated Purchase Price
$405,000
Stamp Duty
$19,370
Transfer Fee
$1,053
Conveyancing
$1,196
Deposit (10%)
$40,500
Reg. Mortgage
$129
LMI Premium
$8,953
Renovation Costs
-
Total Cash/Equity Required
$71,751
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+7.7% PA
$1,802
$2,565
Rates
+3.0% PA
$1,843
$2,405
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,490
$24,076
Interest Repayments
$24,057
$24,057
Net Cashflow Before Tax
-$7,567
$19
Depreciation
-
-
Tax Offset
-$2,270
$6
Net Cashflow After Tax
-$5,297
$13
Assumptions
Year 1
Year 10
Property Value
6.8%
$603,420
$1,090,840
Loan Balance
I.O
$364,500
$364,500
$238,920
$726,340
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2021 Population
Suburbs
Health Care and Social Assistance - 12.0%
Retail Trade - 11.0%
Education and Training - 11.0%
Construction - 9.0%
Others - 57.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Days of Supply
Sold Price
Asking Price